7 Central Drive
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2025 | Sold | ||
| Sold | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Listed by Compass Greater NY LLC | $899,000 | |
| Listed by Compass Greater NY LLC | |||
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Welcome to 7 Central Drive, a beautifully maintained brick Colonial nestled on a picturesque, tree-lined street in the heart of Chester Heights. This spacious home offers a warm and inviting layout beginning with an entry foyer and coat closet that leads to a formal living room featuring a gas fireplace, a formal dining room, a cozy den, and a light-filled family room. The updated eat-in kitchen is equipped with granite countertops and rich cherry cabinetry, with direct access to both the front and rear patios, perfect for outdoor entertaining. Upstairs, the home features a grand primary bedroom with a cedar closet, two additional bedrooms, and a generous hall bath. The lower level offers a versatile recreation room with a full bath, a laundry room, garage access, and ample storage space. Additional highlights include central air conditioning, a first-floor powder room, retractable awning, lawn sprinkler system, whole-house generator, and a recently installed boiler (approx. 5 years old). Residents enjoy close proximity to parks, shopping, and transportation, along with access to the Town’s Lake Isle Country Club, offering golf, tennis, pools, dining, and seasonal entertainment with low-cost resident membership.
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| Jun 20, 2023 | Sold | ||
| Sold | |||
| Apr 14, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017